Acquisition Cost definition
Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.
Acquisition Cost means, unless specified otherwise in individual program administrative rules, the net invoice price of the item, supply, or equipment plus any shipping or postage for the item.
Acquisition Cost means the fair market value of personal property at the time of acquisition by the first owner, including the cost of freight, sales tax, and installation, and other capitalized costs, except capitalized interest. There is a rebuttable presumption that the acquisition price paid by the first owner for personal property, and any costs of freight, sales tax, and installation, and other capitalized costs, except capitalized interest, reflect the acquisition cost. For property described in subdivision (e)(i) that prior to the current tax year was exempt under section 7k of the general property tax act, 1893 PA 206, MCL 211.7k, under an industrial facilities exemption certificate issued under 1974 PA 198, MCL 207.551 to 207.572, and effective before January 1, 2013, which either has been extended for property not yet exempt under section 9m or 9n of the general property tax act, 1893 PA 206, MCL 211.9m and 211.9n, or had an expiration date after the date the tax levied under this act is due, and for property described in subdivision (e)(iii) that is exempt under an industrial facilities exemption certificate issued under 1974 PA 198, MCL 207.551 to 207.572, and effective before January 1, 2013, acquisition cost means 1/2 of the fair market value of that personal property at the time of acquisition by the first owner, including the cost of freight, sales tax, and installation, and other capitalized costs, except capitalized interest. The acquisition cost for personal property exempt under the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696, is $0.00 except for the 3 years immediately preceding the expiration of the exemption of that personal property under the Michigan renaissance zone act, 1996 PA 376, MCL 125.2681 to 125.2696, during which period of time the acquisition cost for that personal property means the fair market value of that personal property at the time of acquisition by the first owner, including the cost of freight, sales tax, and installation, and other capitalized costs, except capitalized interest, multiplied by the percentage reduction in the exemption as provided in section 9(3) of the Michigan renaissance zone act, 1996 PA 376, MCL 125.2689. The department may provide guidelines for circumstances in which the actual acquisition price is not determinative of acquisition cost and the basis of determining acquisition cost in those circumstances. When the acquisition cost, year of acquisition by the first owner, or both ar...
Examples of Acquisition Cost in a sentence
DEVELOPMENT COSTS Actual Construction Cost(as listed at Item A1.) Off-Site Work: Other: General Development Costs(as listed at Item A2.) Impact Fees: Other: Financial Costs(as listed at Item A3.) Other: Acquisition Cost of Existing Developments(as listed at Item B2.
VA or USDA/RD Loans The Base Loan Amount cannot exceed the appraised value, and cannot exceed THDA’s Acquisition Cost limit for the county in which the property is located.
The Total Loan Amount may exceed the maximum Acquisition Cost limit by no more than the amount of financed MIP, funding fee or guaranty fee.
When a piece of information has been processed to a form which can no longer be used to identify a particular natural person, then the possibility of any damages to be caused upon the natural person due to a leak or unlawful use of such information would become relatively remote.
Generally, the Acquisition Cost is the total cost of acquiring the property as a completed residential unit.
More Definitions of Acquisition Cost
Acquisition Cost means the amount paid by the investors;
Acquisition Cost of each of the Related Premises shall mean the amount set forth opposite such premises on Exhibit "E" hereto.
Acquisition Cost means the net invoice unit price of an item of equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired. Ancillary charges, such as taxes, duty, protective in-transit insurance, freight, and installation shall be included in or excluded from acquisition cost in accordance with the provider agency's regular written accounting practices.
Acquisition Cost means the actual allowable cost to the owners of a capital-related asset or any improvement thereto as determined in accordance with generally accepted accounting principles.
Acquisition Cost means the original purchase price of an item.
Acquisition Cost means, with respect to a Portfolio Investment, the aggregate amount of Capital Contributions that have been used to fund such Portfolio Investment and any expenses reasonably and properly attributed thereto.
Acquisition Cost shall have the meaning set forth in Section 4.1 hereof.